Ask the Car Insurance Expert
I have property insurance on my car for $50,000. If I am involved in a car accident and the value of the other car or house damage is $100,000 who will pay the rest?
You, when someone sues you for remainder of the damage you caused.
It can be easy to do 50 grand worth of damage. If you’re worried about it you could check into the cost to raise your property damage liability limit.